UAE announces May 2025 petrol prices, gold prices continue to rise
Published April 30th, 2025 - 09:48 GMT
ALBAWABA - UAE Fuel Price Committee announced petrol prices for May 2025. Prices are recording a slight decrease compared to April 2025. The new prices will apply tomorrow, 1st of May 2025. Petrol Prices for May 2025 in UAE
Super 98 petrol will cost Dh2.58 per liter, compared to Dh2.57 in April. While Special 95 Petrol will cost Dh2.47 per liter, compared to Dh2.46 last month. E-Plus 91 Petrol will be charged for Dh2.39, compared to Dh2.38 a liter in April.Furthermore, diesel will be charged for Dh2.52 compared to Dh2.63 in April.
Petrol prices are constantly going through hikes and fluctuations due to the decisions of the Organization of Petroleum Exporting Countries (OPEC), global supply and demand, natural incidents, taxes, interest rates, and conflicts in the region.
Ounce of gold recorded Dh12,097.11 today compared to Dh11,333.32 at the beginning of April, while 24 Carat is priced at Dh398.50 compared to Dh375.25 per gram last month. (Shutterstock)
Notably, Brent crude oil price is approximately prices to $63.50 per barrel today, compared to $72.61 per barrel in April, down from $78.63 in August. This decline was recorded due to the increased supply and Saudi Arabia's plans to boost production.
Prices for petrol and diesel prices are going through a slight decrease this month in the UAE and the new prices will apply from tomorrow, the first of May 2025. Also Read Oil prices drop to 4-year low following Trump's tariffs Gold prices in the UAE
Gold prices are experiencing an additional increase globally.Ounce of gold recorded Dh12,097.11 today compared to Dh11,333.32 at the beginning of April, while 24 Carat is priced at Dh398.50 compared to Dh375.25 per gram last month.22 carat of gold is priced at Dh369.00 compared to Dh347.50 per gram in April, while 21 carat is priced at Dh354.00 per gram, while it was priced at Dh333.00 last month. Finally, 18 gold carat is priced at Dh303.25 per gram, compared to Dh285.50 per gram in April 2025.
It is worth mentioning that there is a 5% value added tax (VAT) applied to gold in UAE. Gold prices constantly change based on the price of petrol and US dollar globally.
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